Agnico Eagle Mines Ltd (AEM): Today's Featured Metals & Mining Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Agnico Eagle Mines ( AEM) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day down 0.6%. By the end of trading, Agnico Eagle Mines fell $0.77 (-2.9%) to $26.28 on light volume. Throughout the day, 1,319,202 shares of Agnico Eagle Mines exchanged hands as compared to its average daily volume of 2,028,700 shares. The stock ranged in price between $26.00-$27.26 after having opened the day at $27.06 as compared to the previous trading day's close of $27.05. Other companies within the Metals & Mining industry that declined today were: Vista Gold Corporation ( VGZ), down 16.9%, Prospect Global Resources ( PGRX), down 16.1%, Atlatsa Resources ( ATL), down 10.0% and Golden Star Resources ( GSS), down 9.6%.

Agnico-Eagle Mines Limited, through its subsidiaries, engages in the exploration, development, and production of mineral properties in Canada, Finland, and Mexico. It primarily explores for gold, as well as silver, copper, zinc, and lead. Agnico Eagle Mines has a market cap of $4.6 billion and is part of the basic materials sector. Shares are down 49.8% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Agnico Eagle Mines a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Agnico Eagle Mines as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and poor profit margins.

On the positive front, Kingold Jewelry ( KGJI), up 25.4%, Cardero Resources Corporation ( CDY), up 18.1%, Exeter Resource Corporation ( XRA), up 6.7% and Quest Rare Minerals ( QRM), up 5.9% , were all gainers within the metals & mining industry with Teck Resources ( TCK) being today's featured metals & mining industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the metals & mining industry could consider SPDR S&P Metals & Mining ETF ( XME) while those bearish on the metals & mining industry could consider PowerShares DB Base Metals Sht ETN ( BOS).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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